Can I have a joint account with my spouse?
Yes, it is possible to open a joint account with your spouse. However, both parties must have their own individual accounts at Primixus Universal, and then you can consolidate the accounts to create a joint account.
What’s my benefit for bringing a friend to Primixus Universal?
Invite your friends to join Primixus Universal and receive a $150 referral fee for each friend who opens an account with us.
What other services you can offer me? (options trading, leverages, IPO’s, etc..)
Equity Trading: We provide access exclusively to US exchanges, offering a wide range of stocks with competitive commission rates and a robust trading platform.Options Trading: Trade options with access to various strategies, allowing for flexibility in managing positions and risks. CFD Trading: Our Contracts for Difference (CFDs) cover a broad spectrum of markets, including:Indices: Trade global indices with competitive leverage and spreads.Forex: Access major and minor currency pairs with efficient execution and tight spreads.Cryptocurrencies: Trade top cryptocurrencies such as Bitcoin, Ethereum, and others. US Stocks: CFDs on major US stocks, offering opportunities to benefit from price movements without owning the underlying assets. Metals: Trade CFDs on gold, silver, and other precious metals. Please note that CFDs are subject to local regulatory restrictions and may not be available at your jurisdiction.
I want to try with a demo account first, do I must open a real account for get it?
You can always request a demo account from your dedicated relationship manager to explore and familiarize yourself with our trading platform and its features before transitioning to a live account.If you are an existing client you have the option of receiving an unlimited demo account.
Can I use a Power of Attorney in order to grant authorization to someone else to manage my account with Primixus Universal?
No, we do not accept Power of Attorney or other arrangements for third parties to operate clients' accounts on their behalf.
What is Source of Funds and why is it required?
The Source of Funds refers to the origin of the money used in your account. Primixus Universal Ltd is required by law to verify this to prevent money laundering, following CySEC regulations. In certain occassions, we may ask clients to declare and evidence their funds' origin as part of this compliance process.
Can I have two accounts with Primixus Universal?
Yes, it is permissible to open more than one account under the same ownership.
How can I get a statement for my trades?
For EQ accounts the trading history of your account is available on request. For Multi-asset accounts the trading history is available in our trading platform Primixus Universal 2.0. For Forex accounts the trading history is available in the MT4 platform.
Can I change my account's currency?
There is no possibility of changing the currency of your account.
How can I deactivate my account?
To deactivate your account, you need to close all open trades and withdraw any remaining funds. Once your account balance reaches zero, you may request for account deactivation. If you require further assistance or have any issues with the process, please contact us at info@primixusuniversal.com.
How can I update my account's details?
You can update your account details be accessing "Settings" section in your personal area.
Is there an inactivity fee?
No, regardless of the status of your account, we do not charge any inactivity fees.Please note however that, other fees may apply during that period depending on your account specifications.
Can I open a business account?
Yes, you can open a business account.For more details, please contact your client relations agent or reach out to our support team at info@primixusuniversal.com.
What is the difference between Demo and Real money accounts?
A Demo account uses virtual money to allow users to practice trading, test
strategies, and familiarize themselves with the platform with no real
financial risk. Demo accounts cannot always reasonably reflect all of the
market conditions and they may not behave in the same manner as live Real
accounts.
A Real account involves trading with actual funds and a real
financial risk.
How do I submit a complaint?
To submit a complaint, you can contact "Submit a Complaint" via mail.
Can I make a deposit with my credit card?
Yes, deposits can be made with credit cards. All available payment methods can be found in your client area.
Is there a deposit fee?
We do not charge for deposits, regardless of the payment method.
How long does it take to see my deposit in my account?
Credit card deposits will appear in your account within 10-15 minutes after
the transaction was completed.
Bank transfers can take 2-3 business
days to process. Most transfers are not processed during weekends or bank
holidays.
Is there a minimum amount of money I need to open an account?
For an Equity account the minimum deposit amount is $1000. For a CFD account the minimum deposit amount is $500.
Is there a fee for withdrawing money?
There is no withdrawal fee. The minimum withdrawal amount is $50. If your balance is below $50, you can only withdraw the full amount.
Can I withdraw to another credit card or bank account?
Withdrawals are always processed back to the verified payment method used for the original deposit unless such becomes unavailable.
Can I deposit in cash?
No, cash deposits are not accepted.
You can fund your account using a
bank transfer or crypto.
Can I deposit from different credit card or bank account?
Yes, you can make a deposit from a new bank account or credit card. However, before the deposit is processed, you will need to provide a bank statement or a copy of the credit card through your client area in "Documents" section, in order to verify that the account is your name.
Can I fund my account using someone else's card or bank account?
No, you can only deposit by bank transfer or by credit card associated with the account holder's name.Any deposits made through third party credit cards or bank accounts will be rejected.
What is the minimum amount I can withdraw?
There is no minimum withdrawal amount. However, withdrawal fees may apply depending on the withdrawal method and amount. For detailed information on applicable charges, please visit our Pricing Page.
Who regulates Primixus Universal?
Primixus Universal is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under License Number 123/10.Additionally, Primixus Universal is an authorised Financial Services Provider in South Africa, licensed by the Financial Sector Conduct Authority (FSCA) under License Number 46990.Primixus Universal is also permitted by the Israeli Securities Authority to offer its services in the territory of the State of Israel, in accordance with section 49A of the Israeli Securities Law.
How is my money and assets protected?
At Primixus Universal, your funds and assets are securely held in segregated accounts, separate from the company’s own funds.We are members of the Investors Compensation Fund (ICF), which provides coverage of up to €20,000 per retail client, as required by EU regulations. Additionally, client securities are held with regulated clearing firms, such as Vision Financial Markets LLC. These firms provide additional protection through SIPC insurance, which covers up to $500,000 per client for securities. This ensures robust security for your investments.
How are my personal data protected?
We prioritize the confidentiality and security of your personal data. To safeguard it, we use physical, electronic, and managerial measures designed to prevent unauthorized access, use, or disclosure. We are committed to maintaining the privacy of your information and continuously updating our procedures to ensure its protection.
Do you charge any taxes on profits?
Primixus Universal does not deduct taxes at source from your trading profits or losses. It is your responsibility to declare your income to the tax authorities in your jurisdiction.However, please note that withholding tax may apply to dividends received from certain securities, depending on the jurisdiction of the issuing company. The applicable withholding tax rate is determined by local tax regulations. If you require further details, please consult a tax advisor or refer to the tax authorities in your country.
How to get an annual tax statement for the financial year?
To obtain an annual tax statement for the financial year, we recommend that you submit a formal request to your company's customer relations manager or contact our support team directly. Please specify that you require a "TAX STATEMENT" for the specific financial year in question.
Can I see the volume on each stock I’m interested in?
Yes, you can view the trading volume for each stock you're interested in. On our Primixus Universal 2.0 platform, real-time market data is provided, including volume indicators for all US-listed equities. This allows you to monitor market activity and make informed trading decisions based on up-to-date information.
In my account with Primixus Universal, can I use it for long-term investing as well?
Yes, you can use your Primixus Universal account for long-term investing. With access to a wide range of US-listed equities, you can build and manage a diversified portfolio suited to your long-term financial goals. Our platform provides the necessary tools and resources to help you monitor and manage your investments over time.
Can I synchronize my trading view indicators with your platform?
Currently, synchronization with external platforms like TradingView is not supported for most clients. However, our Primixus Universal 2.0 platform is equipped with a wide range of built-in indicators and advanced charting tools. These tools are designed to help you analyze the markets and make informed decisions, providing all the functionality you need directly within our platform.
Does leverage come with any cost?
Leverage itself does not have a direct cost; however, it can amplify both potential gains and potential losses in your trading. It's important to understand that while using leverage can enhance your trading capacity, it also increases the risk associated with your positions. Please refer to our detailed Fees Page for further details.
What is the difference between CFD and Equities?
Stocks vs. CFDs: Why Stocks Are Often a Safer Long-Term BetStocks and CFDs are two popular financial instruments, but they offer significantly different risk profiles. Let's break down why stocks are often considered a more reliable option for long-term investing.Ownership:Stocks: When you buy a stock, you become a part-owner of the company.CFDs: You don't own the underlying asset; you're merely speculating on its price movement. Risk:Stocks: The risk is tied to the company's performance. CFDs: Risk is significantly higher due to leverage, which magnifies both profits and losses. Market volatility also increases risk.Returns: Stocks: Potential returns come from dividends and capital appreciation. CFDs: Returns are based solely on price fluctuations, and losses can exceed initial investment.Please note that CFDs are subject to local regulatory restrictions and may not be available at your jurisdiction.
Can I buy half a share?
No, currently, it is not possible to buy fractional shares through our platform.
How to make a standing order?
To place a standing order on the Primixus Universal platform, follow these
steps:
1.Log into your Primixus Universal 2.0 account.
2.Navigate to
the trading section where you can view the available
instruments.
3.Select the stock or instrument you wish to create a
standing order for.
4.Choose the type of order (e.g., buy or sell) and
specify the order details, including the price at which you want the order
to be executed.
5.Set the order duration (e.g., good till canceled)
according to your preference.
6.Review your order details to ensure
everything is correct.
7.Submit the order.
Once submitted, your
standing order will remain active until it is executed or you choose to
cancel it. If you have any questions or need assistance, our support team is
always available to help.
How do Options work?
Options are financial derivatives that provide you with the right, but not the obligation, to buy or sell an underlying asset at a predetermined price (strike price) before or on a specific expiration date.Types of Options:Call Options: Right to buy the asset.Put Options: Right to sell the asset.Premium: You pay a premium to purchase an option.Expiration: Options expire on a specific date; if not exercised, they become worthless.Exercising: You can either exercise the option to buy or sell the underlying asset or sell the option itself before expiration.
How do I receive dividends?
Dividends are payments made by a corporation to its shareholders, typically from its profits. Here’s how you can receive dividends through your Primixus Universal account:Eligibility: To receive dividends, you must hold shares of a company that declares a dividend. Ensure you own the shares before the ex-dividend date, which is the cutoff date to qualify for the upcoming dividend payment.Payment Method: Dividends are credited directly to your Primixus Universal trading account in cash and are paid net off any applicable witholding tax.Viewing Dividends: You can view dividend information, including declarations and payments, in the back-office terminal called MTS.If you have any further questions about receiving dividends, please feel free to contact our support team for assistance.
Can I transfer my shares in another broker account to my account here?
Yes, you can transfer your shares from another brokerage account to your Primixus Universal account. To initiate a transfer, please follow these steps:Contact Your Current Broker: Reach out to the broker where your shares are currently held to request a transfer. They will provide you with their specific procedures and any necessary forms.Receive Transfer Details: To receive details on where to transfer your shares, please contact your client relation agent at Primixus Universal.Complete Required Forms: Fill out any required transfer forms, including details about your Primixus Universal account and the shares you wish to transfer.Submit the Transfer Request: Once the forms are completed, submit the request to your current broker. They will then coordinate the transfer with Primixus Universal.Confirmation: After the transfer is initiated, you will receive confirmation from both your current broker and Primixus Universal once the shares have been successfully transferred.If you have any questions or need assistance with the transfer process, feel free to reach out to our support team for guidance.
What is TradingView?
TradingView is one of the most popular trading platforms in the world, with over 100 million users per month. The platform offers advanced technology including a wide variety of charts, screeners, indicators and more.
From which countries can I trade with Primixus Universal via TradingView?
Currently, trading with Primixus Universal via TradingView is available for clients residing in Belgium, the Netherlands, France, Spain, Austria, Germany, Israel, Poland, and Sweden. Additional countries may be added at a later stage.
What type of account do I need to trade with Primixus Universal via TradingView?
Trading with Primixus Universal via TradingView is available exclusively to clients with an Equity Account. Currently, CFD accounts are not supported for trading on TradingView.
Is there a Level 2 Market Depth window (LVL2) in TradingView?
Clients who pay for the market depth window (lvl2) in their trading account will see real-time market depth in TradingView as well.
Are there additional costs for trading through TradingView?
TradingView is a free add-on integrated into Primixus Universal for our clients' convenience. There are no additional costs for trading via TradingView beyond the regular trading costs through Primixus Universal.
Can I place buy and sell orders via TradingView?
Yes, you can place buy and sell orders through TradingView after logging in to your Primixus Universal account.
How do I make deposits and withdrawals?
Deposits and withdrawals are still handled through the personal area on Primixus Universal. Therefore, to trade via TradingView, you must make a deposit through your personal area on Primixus Universal.
Which browsers support TradingView trading?
Trading via TradingView is supported on all popular browsers and is also available via the app.
Can I open a trade in TradingView and close it in Primixus Universal?
Yes, trades can be opened and closed on any of the platforms (desktop, web, app, and now also TradingView).
Can I set stop-loss and take-profit in TradingView?
Yes, use the "stop" and "limit" tabs in the trade window to set stop-losses.
Which assets are available for trading through TradingView?
You can trade all assets available on Primixus Universal – stocks, ETFs, ADRs – except for options and CFDs.